First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sets New 12-Month High - Here's What Happened

Key Points

• The First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) reached a new 52-week high, trading as high as $115.41 recently.
• The fund has a market capitalization of $1.36 billion and a PE ratio of 17.76, with both 50-day and 200-day moving averages showing an upward trend.
• Recent institutional activity includes significant increases in shares held by firms like Susquehanna International Group and Captrust Financial Advisors, indicating growing investor interest.

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - Get Free Report)'s stock price hit a new 52-week high on Friday . The stock traded as high as $115.41 and last traded at $115.34, with a volume of 541 shares. The stock had previously closed at $115.36.

First Trust Large Cap Core AlphaDEX Fund Trading Down 0.8%

The firm's fifty day moving average price is $112.08 and its 200-day moving average price is $106.02. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 17.76 and a beta of 1.06.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were paid a $0.2708 dividend. This represents a $1.08 annualized dividend and a yield of 0.9%. The ex-dividend date was Thursday, June 26th.

Institutional Trading of First Trust Large Cap Core AlphaDEX Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in FEX. Prosperity Consulting Group LLC boosted its position in shares of First Trust Large Cap Core AlphaDEX Fund by 0.9% in the 2nd quarter. Prosperity Consulting Group LLC now owns 10,637 shares of the company's stock valued at $1,170,000 after purchasing an additional 98 shares during the period. Independent Wealth Network Inc. lifted its stake in First Trust Large Cap Core AlphaDEX Fund by 2.5% in the first quarter. Independent Wealth Network Inc. now owns 5,679 shares of the company's stock valued at $582,000 after buying an additional 139 shares during the last quarter. Comerica Bank boosted its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 1.3% in the first quarter. Comerica Bank now owns 12,913 shares of the company's stock valued at $1,323,000 after acquiring an additional 162 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 0.4% in the second quarter. Rockefeller Capital Management L.P. now owns 40,202 shares of the company's stock valued at $4,421,000 after acquiring an additional 173 shares during the period. Finally, Allworth Financial LP grew its position in shares of First Trust Large Cap Core AlphaDEX Fund by 4.8% during the first quarter. Allworth Financial LP now owns 3,787 shares of the company's stock worth $377,000 after acquiring an additional 174 shares during the last quarter.

About First Trust Large Cap Core AlphaDEX Fund

First Trust Large Cap Core AlphaDEX Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the Defined Large Cap Core Index (the Index). The Index is an enhanced index created and administered by Standard & Poor's, which employs the AlphaDEX stock selection methodology to select stocks from the S&P 500 Index.